Two years ago Glenn Neely, the creator of NEoWave Institute predicted that the U.S. stock market was about its sharpest drop in last decades. The two following years appeared to show a devastating effect on the whole global economy as it was hit severely since the Great Depression.
In his latest interview Neely explains if the wave structure unfolds at the same pace we are about to face up a new phase of bear market for the next 20 years. Glenn Neely, the specialist in Elliott Wave theory, says that now bull market is over. A new stage of 4-6 year bear market started January 14, 2008. By now it is hard to define maximum potential downside. Neely anticipate S&P to break 1000 level in the next few years. The US economy will be seriously impacted again. According to Glenn Neely, it is better now to be prepared for the worst.
Glenn Neely, considered as the leading Elliott Wave analyst, founded the Elliott Wave Institute in 1983. In 1990, Neely published his advanced Wave analysis process in his book, Mastering Elliott Wave.
Neely has been recognized by Timer Digest in the past 12 months as the #1 S&P market timer and #1 Gold timer. For more than a decade Neely's NEoWave Trading Services, which employ an advanced form of Elliott Wave analysis, have consistently ranked in Timer Digest's Top 10 list of most accurate.
http://www.prweb.com/releases/2010/01/prweb3492414.htm
Sample of Neowave Counting: Gold 2008
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